Abstract:The simple arithmetic mean is generally accepted as the most probable value. However, in a set of a small number of observations, a weighted mean is often regarded as being better than the simple arithmetic mean, even if the latter were obtained after rejecting the outlying observations. A number of methods of weighting have been put forward from time to time. This paper presents the result of a statistical study designed to discover whether any of the weighting methods produce values superior to the simple a… Show more
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